The India Cybersecurity Market size is estimated at USD 3.97 billion in 2023, and is expected to reach USD 9.21 billion by 2028, growing at a CAGR of 18.33% during the forecast period (2023-2028).
The increasing demand for digitalization and scalable IT infrastructure and the ongoing need to tackle risks from various trends, such as third-party vendor risks, the evolution of MSSPs, and the adoption of a cloud-first strategy, lead to the rising demand for the market.
The India cybersecurity market is moderately concentrated and dominated by a few major players, like Palo Alto Networks (India) Private Limited, Juniper Networks India Private Limited, IBM India Private Limited, Norton LifeLock India Private Limited, and Quick Heal Technologies Limited. With a prominent market share, these major players focus on expanding their customer base across foreign countries.
In November 2022, Quick Heal released the 23rd version of its flagship product on the back of GoDeep. AI is a tool for finding malware. A mix of deep learning, behavioral analysis, and predictive analytics is used by the solution to stop such threats, in addition to monitoring the systems to detect cyberattacks and assessing the threat's seriousness.
In October 2022, Norton released the Norton AntiTrack app in India to avoid internet monitoring. Further, with cutting-edge anti-fingerprinting technology, the software quickly recognizes and disables trackers. Windows and Mac computers can use the AntiTrack browser extension and software. The app's anti-fingerprinting technology aids in protecting the user's digital identity from tracking and fingerprinting efforts.
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